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Arab countries to boycott financial regulator meeting in Tel Aviv


By Zainab Fattah and Tal Barak Harif (Bloomberg)

May 7 (Bloomberg) -- Arab states will shun this year’s IOSCO conference of global regulators after the organization decided to host it in Tel Aviv, the United Arab Emirates’ chief regulator said.

The International Organization of Securities Commissions, which includes more than 100 country members, will hold its annual meeting starting June 8 in Israel’s business center.

“I think most Arab countries won’t attend if the meeting is held in Israel and we are no different,” Abdullah al- Turaifi, chief executive officer of Emirates Securities & Commodities Authority, said in a telephone interview from Dubai today. “Many members objected to the meeting in Israel especially after the events in Gaza and there was talk of moving it elsewhere.”

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